Businesses don’t pay taxes, people do. For every tax government levies on a business, entrepreneurs lose the ability to hire additional employees; managers have less money to give their workers; customers pay higher prices for products; and investors see their returns disappear. In short, everyone is made poorer.
Supermajority Solutions for Texas Taxpayers
Texas bond elections often pass with low voter turnout and simple majorities, driving up local debt as a result. Raising voter approval thresholds could protect taxpayers and ensure a stronger consensus for public spending. Key points: Even though tax relief has been funded at the state level, increased debt at the local level has led...